External debt and foreign policy: a case study of Argentina's experience

• In Event: Innovations in foreign policy analysis

Abstract

Does external debt affect the foreign policy of the indebted state? The answer presented in this paper is yes. The main goal is to characterize this relation and present the mechanisms through which it is expressed. As concrete case, the experience of Argentina is considered in two different moments: after the debt crisis of 1982 and in the post-convertibility period. In both cases, the relations with the United States are the primary space of analysis. It is argued that in both occasions external debt played a significant role in shaping the margins of action of foreign policy. The paper is developed by using statistical-descriptive procedures and the discussion of current and past literature on the subject.

Author

• Matheus O Pereira